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Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Intangible Assets [Abstract] |
INTANGIBLE ASSETS | 12. INTANGIBLE ASSETS Intangible assets consist of the following:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Trademarks |  | $ | 847 |  |  | $ | 847 |
System and software |  |  | 2,702,821 |  |  |  | 2,730,549 |
Subtotal |  |  | 2,703,668 |  |  |  | 2,731,396 |
Less: accumulated depreciation and amortization |  |  | (366,441 | ) |  |  | (311,131 | )
Less: impairment |  |  | (1,804,405 | ) |  |  | (1,831,283 | )
Total |  |  | 532,822 |  |  |  | 588,982 |
Amortization expense included in general and administration expenses for the years ended December 31, 2024 and 2023 was $57,035 and $57,035, respectively. Amortization expense included in cost of sales for the years ended December 31, 2024 and 2023 was $0 and $0, respectively. The estimated amortization is as follows:
As of December 31, |  | Estimated amortization expense |
From January 1, 2025 to December 31, 2025 |  | $ | 57,035 |
From January 1, 2026 to December 31, 2026 |  |  | 57,035 |
From January 1, 2027 to December 31, 2027 |  |  | 57,035 |
From January 1, 2028 to December 31, 2029 |  |  | 57,035 |
From January 1, 2029 to December 31, 2030 |  |  | 57,035 |
Thereafter |  |  | 119,699 |
Total |  | $ | 404,874 |
The trading rights of license plates 1 and 2 on the Hong Kong Stock Exchange have no expiration date and do not require amortization, amount was $127,948.

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